Crude gained for a 2nd day this week but OK energy stocks performed with losses

For a second day this week, crude oil prices recorded gains in the U.S. and globally, largely because traders aren’t very anxious about any ceasefire in the Middle East where Israel is pounding Gaza and southern Lebanon.

West Texas Intermediate crude for November delivery finished up $1.53 or 2.2% to settle at $72.09 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude gained $1.75 or 2.4% to close at $76.04 a barrel on ICE Futures Europe.

While crude oil prices made gains for a second consecutive day this week, Oklahoma energy stocks did the same in the opposite direction—they recorded more losses for another day of trading.

The majority of stocks recorded losses of 1% to 2%.